ANNUAL REPORT 2008 - DG Hyp

Management Report
OUR STAFF
Job and personnel planning reworked
As part of the strategic realignment of DG HYP, the
Bank’s personnel planning has also been overhauled in line
with the changed requirements. A settlement of conflicting
interests and a social plan have been agreed. The planning
horizon for the medium-term job and personnel plans has
been set as 31 December 2012. Measures will be gradually
implemented by then, and the social plan will also
remain in force until this date. The jobs plan involved a
reduction in personnel to 445.6 full-time equivalents by
31 December 2008. This reduction in numbers has been
implemented in the Retail division and in the staff departments
in particular.
On 31 March 2008 – immediately before the conclusion
of the settlement of conflicting interests and the introduction
of the personnel measures – DG HYP employed
518 active members of staff (equating to 493.7 FTEs). By
31 December 2008, this figure had been reduced to
419 employees (404.4 FTEs) through termination agreements
and the use of a small number of redundancies for
operational reasons. This meant that the target of
445.6 FTEs by the year-end was not just achieved but actually
exceeded as a result of the rapid and successful restructuring
process.
Over the final few weeks of the reporting year DG HYP
further stepped up its efforts to acquire skilled employees
for its core business and for credit risk analysis activities
with regard to foreign markets.
Internal communication concept successfully
implemented
Implementation of the new jobs and personnel plan
was accompanied by intensive communications work and
change management measures. DG HYP kept its staff up
to date on progress made in relation to the “Aufbruch
2008” (Re-positioning 2008) project and with regard to
the next stages in the process. This created transparency
with regard to the process itself and the need for the
changes being introduced. Workshops were also staged at
which managers were prepared for the change processes
and given appropriate training. In this way, DG HYP succeeded
in presenting the arguments for the changes to its
middle management and employees.
The fact that the labour market was very absorbent
through until the third quarter of the reporting year meant
that those employees who left the Bank were able to enter
new employment relatively quickly. The outplacement
advice provided within the context of the social plan was
also helpful in this regard.
Following the complete separation from VR Kreditwerk
AG, the workforce elected a new works council in December
2008, now only composed of eleven members. The
Management Board has taken the new election as an
opportunity to thank all of the members of the Works
Council for their constructive contribution to the Bank’s
reorganisation during the past financial year.
Thanks must also go to the employees of DG HYP who
were forced to take on many changes during the restructuring
phase and who, thanks to their ongoing dedication
and commitment, guaranteed a smooth transition. In this
way our employees have helped to ensure that DG HYP
could successfully move forwards and capture new business.
Deutsche Genossenschafts-Hypothekenbank AG | Annual Report 2008
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